Forex Trend Analysis Report
Prepared for you on Saturday, October 20, 2018.
Turkish Lira/Canadian Dollar (FOREX:TRYCAD)
Smart Scan Chart Analysis shows the current uptrend is at a crossroads and has possibly ended. Look for choppy trading action in the nearterm Very Weak Uptrend with very tight stops.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for TRYCAD
The long term trend has been DOWN since Mar 22nd, 2018 at 0.322610
The intermediate term trend has been UP since Sep 27th, 2018 at 0.215980
The short term trend has been UP since Oct 9th, 2018 at 0.212405
Smart Scan Analysis for TRYCAD
Based on a pre-defined weighted trend formula for chart analysis, TRYCAD scored +60 on a scale from -100 (strong downtrend) to +100 (strong uptrend).